Paint and nails bought by a factory fall under which group of industr…

Paint and nails bought by a factory fall under which group of industrial products?

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → Maintenance and repair items

Option (1) Maintenance and repair items — Correct. Supplies and business services are short-lasting goods and services that help in developing or managing the finished product. They include maintenance and repair items like paint and nails.

Option (2) Operating supplies — Incorrect. Operating supplies are the other kind of supplies, such as lubricants, computer stationery and writing paper. Paint and nails are not listed among them; they are maintenance and repair items.

Option (3) Manufactured material and parts — Incorrect. Manufactured material and parts enter the manufacturer’s product completely, such as glass, iron, tyres and batteries. Paint and nails do not become part of the product; they only help to keep it going, so they are supplies.

Option (4) Installations — Incorrect. Installations, such as elevators and mainframe computers, are capital items used in the production of finished goods. Paint and nails are short-lasting goods.

NCERT (2026-27 Edition): “Classification The industrial goods are classified into the following major categories:
(i) Materials and Parts: These include goods that enter the manufacture’s products completely. Such goods are of two types: (a) raw material: including farm products like cotton, sugar cane, oil seed and natural products such as minerals (say crude petroleum, iron ore), fish and lumber; and (b) manufactured material and parts. These are again of two types – component materials like glass, iron, plastic and component parts such as tyre, electric bulb, steering, and battery.
(ii) Capital Items: These are such goods that are used in the production of finished goods. These include: (a) installations like elevators, mainframe Computers, and (b) equipments like Hand Tools, Personal Computer, Fax Machines, etc.
(iii) Supplies and Business Services: These are short lasting goods and services that facilitate developing or managing the finished product. These include:
(a) maintenance and repair items like Paint, Nails, etc., and
(b) operating supplies like Lubricant, Computer Stationary, Writing Paper, etc.”

Paint and nails bought by a factory fall under which group of industrial products?

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → Maintenance and repair items